Dear:
As for the exchange rate, e.g /CAD, if appreciates in value 10% compared to last year, Is it true that CAD depreciates exactly 10% compared to last year?
Thanks
Dear:
As for the exchange rate, e.g /CAD, if appreciates in value 10% compared to last year, Is it true that CAD depreciates exactly 10% compared to last year?
Thanks
yes. mathematically these are just ratios so a movement in one is exactly offset by the other.
No they are not the same. Mathematically they are different.
For example , $2 per 1 EUR now then a year later $4 per 1 EUR. so EUR appreciate 100% ( 4-2)/2.
while USD depreciate (1/4-1/2)/(1/2) = -50% , So not exactly the same. Please add comments to confirm.
thanks
you got it, methematically they are not the same.
ahh yes. your correct. sorry
Yep, they are different